closing cost estimates for the buyer
Consult your attorney: $2,500—$5,000+
Points: 0—3% of the loan value
Bank Application Fees: $400—$600
Bank Attorney: $900—$1,500
Appraisal: $300—$1,500
Tax Escrow: 2—6 months of property taxes
Lenders Policy Title Insurance: Rates may vary
Mortgage Origination Rate: 0—3% of the loan amount
Mortgage Recording Tax:
1.8% of mortgage amount < $500,000
1.925% of mortgage amount > $500,000+
Recording Fees: $250
Municipal Search: 0.4% of purchase price
Miscellaneous Title Fees: $100
Real Estate Tax Adjustment: $125
Mansion Tax:
$1M to < $2M: 1.00% $10M to < $15M: 3.25%
$2M to < $3M: 1.25% $15M to < $20M: 3.50%
$3M to < $5M: 1.50% $20M to < $25M: 3.75%
$5M to < $10M: 2.25% $25M or more: 3.90%
Buyer Agent: In 99% of deals, the seller will pay the agent commissions. If this is not the case, please refer to your Buyer’s Representation Agreement and discuss with your agent.
*The figures provided are general estimates and not guaranteed. Fees may vary based on a variety of factors. This information is provided without warranty, and you are encouraged to consult your attorney to discuss your specific situation and verify costs.
With a thoughtful understanding of each client’s needs, Ria ensures a seamless experience for both buyers and sellers, with particular expertise in townhomes, co-ops, and the board application process. Her integrity, experience, and market knowledge drive optimal results in every transaction. Clients consistently praise her professionalism and calm demeanor, along with her discretion and hands-on involvement at every stage of a deal.